New Details Emerge on Zhang-Pimco Deal as Oaktree Ratings Fall

Oaktree rates lower, future yet to be written: new details emerge on Zhang-Pimco deal

The news about the next refinancing that Inter president Steven Zhang is going to receive from the American fund Pimco has obviously made the rounds in the editorial offices. And, along the way, details of the operation are emerging that will allow Zhang to repay the loan to Oaktree, who is still in charge of Inter.

“Pimco, the sixth largest fund in the world by assets under management, is doing due diligence. The official announcement will be made by the second week of May. The duration of the new funding could be two or three years. In this second case it would be at the same time when the contracts of the managers expire, Beppe Marotta in the first instance The structure is likely to be similar to the operation closed by Oaktree: loan loaded on the Luxembourg company through which the Zhangs control Inter, and a majority portfolio of the club’s shares would be a guarantee to the debtor as collateral.Republic is emphasizing it today.

And the future? However, it could be marked by a change of ownership.

“It is not known how long Zhang intends to continue as owner of Inter. Certainly, the club under his management has won six awards and, compared to the two-year period of the Covid crisis, he has reduced operating losses by closing the last semester in profit.